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About ACCA AAA Audit Risk by Alan Biju Palak
This document provides a summary of audit risks that may be present for a newly listed client. Some of the key risks mentioned include: - Management bias to overstate financial results due to incentives to impress new shareholders. - Lack of experience with listing requirements could lead to incomplete or inaccurate disclosures. - As a new client, the audit team may not be familiar with the company's accounting policies, transactions, and balances, increasing detection risk. - Opening balances for the initial audit may be misstated.
Detailed Information
| Author: | ['ayush nanda'] |
|---|---|
| Publication Year: | 2023 |
| Pages: | 18 |
| Language: | English |
| Format: | |
| Price: | FREE |
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